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Leaseholds are very common in Hawaii due to similar ownership, although here it’s privately owned land by native orgs in most cases, because the Hawaiians speci
by ok_dad 3y ago
Leaseholds are very common in Hawaii due to similar ownership, although here it’s privately owned land by native orgs in most cases, because the Hawaiians specifically voted down reservation-like agreements to maintain what sovereignty they have left. It works out pretty good here, buildings are routinely demolished and bigger ones grow in the place. Most of the land like this is in town, commonly Waikiki hotels and apartments are leasehold. We’re still having a very horrible housing crisis here, though.